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In the 1990s, the Thai baht was pegged to the U.S. dollar at a rate of $1.00 = 25 baht. This is illustrated in the graph for U.S. dollars below. At the pegged rate, is this currency market in equilibrium?

In the 1990s the Thai baht was pegged to the US dollar at a rate of 100 25 baht This is illustrated in the graph for US dollars below At the pegged rate is this class=

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